Monday, May 16, 2011
Max Petroleum plc
Max Petroleum announced that the ZMA-ET2 appraisal well in the Zhana Makat Field has reached a total depth of 1,492 meters, with electric logs indicating 18 meters of net oil pay in three Triassic sandstone reservoirs at depths ranging between 1,283 and 1,358 meters. Reservoir quality appears excellent with porosities ranging from 18 to 26%. The Company is running production casing in the well. The Company will complete and test the ZMA-ET2 well using a workover rig after obtaining the requisite governmental approvals, and will announce test results as soon as practicable.
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